Signia Aerospace to acquire Goodrick Hoist & Winch

Signia Aerospace is acquiring a hoist equipment specialist.

Signia Aerospace is to acquire lift specialist Goodrick Hoist & Winch.

Signia Aerospace is to acquire helicopter rescue equipment specialist Goodrick Hoist & Winch from Collins Aerospace.

Goodrich Hoist & Winch provides more than 50 proprietary models of rescue hoists and cargo winches for use by civil and military helicopters operators worldwide. The lifting gear is specifically designed for search and rescue (SAR) missions and other human external cargo flights.

Norman Jordan, CEO, Signia Aerospace said the company would complement Signia’s Mission Systems business segment. “Combined, the complementary products designed and manufactured by our companies play a significant role in multiple critical airborne missions, including rescue and disaster relief operations across the globe,” he said.

Cory VanBuskirk, president, Signia Mission Systems described the acquisition as “a perfect addition” to its growing portfolio of critical, multi-mission products serving global helicopter operators and rescue operations. “This acquisition further increases Signia Mission Systems’ value proposition to customers, including through our commitment to the company’s next generation Pegasus Hoist development programme,” he added.

The exclusive financial adviser to Signia Aerospace in connection with the acquisition of Goodrick Hoist & Winch is the New York-headquartered Moelis & Company.

Meanwhile, Signia Aerospace is owned by Arcline Investment Management – a private equity firm with $8.9bn in cumulative capital commitments.

Signia Aerospace's acquisition specialises in human hoisting operations

Signia Aerospace acquisition Goodrick Hoist & Winch specialises is human hoist equipment.